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Business, 30.03.2020 22:12 smartgirl9989

. The Police Department of a given city received an appropriation in the amount of $8,000,000 for the fiscal year ended June 30, 2015. During the month ended July 31, 2014, the following transactions occurred: (a) purchase orders were issued in the amount of $500,000; (b) purchase orders, related to (a) above, were filled in the amount of $490,000; the related invoice amount was $495,000; invoices were paid in the amount of $450,000; (c) salaries were accrued and paid in the amount of $475,000. The balance available for the police department as of July 31, 2014 is: A) $7,065,000. B) $7,025,000. C) $7,020,000. D) $6,575,000.

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